Following are 10 of the more prevalent mistakes I believe traders make in futures trading. This list is in no particular order of importance...
Bad result of euro fundamental force this pair to break median line of bullish flag on weekly chart. there is only 2 level of reversal, at double bottom or major fibonacci at 0.7292 In smaller timefame H4, we can see gartley perform with 0.7866 target,.. and double bottom at 0.7741...
Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity...
The US Dollar Index initially tried to fall during most of the week, but found the 80 handle to be supportive enough to turn things back around and form a hammer for the second week in a row...
The S&P 500 did in fact fall during the course of the week, but found enough support near the 1950 level to turn things back around and form a hammer the looks a bit like a hammer...
The NASDAQ as you can see fell during the course of the week, testing the 4350 level, but finding support there. The area was previously resistive, and the fact that it acted as resistance doesn’t surprises because of that...
The DAX fell hard during the previous week, testing the €9600 level. It is at this level though that we should start to see significant support come into play, and that support extends all the way down to the €9000 level, essentially making this a market that you cannot sell...
The Nikkei as you can see had a slightly negative week, but we still sit above the ¥15,000 level, a key support level in our opinion...
Fundamental Forecast for Pound: Bearish USDollar looks like a buy versus the Japanese Yen These are the key levels to watch on the USDJPY...
FundamentalForecast for Gold: Neutral Gold and Silver Surge On Safe-Haven Demand, Crude Looks To US Data Gold Jumps to Four-Month High Upward Momentum May Be Fleeting Gold prices are higher on the week with the precious metal up more than 1% to trade at $1335 ahead of the New York close on Friday...
Fundamental Forecast for British Pound: Neutral British Pound Rudderless After Non-Event BOE Policy Announcement June CPI May Disappoint, Trimming Rate Hike Bets and Sinking GBP Monetary policy expectations remain firmly in the driver’s seat for the British Pound...
Fundamental Forecast for Dollar: Neutral After a disappointing week for yields – despite robust commentary – rate forecasting will focus on Yellen’s testimony Volatility started to move off its historical and seasonal lows last week, but the dollar awaits a true turn Dollar Index continues to lin...
The yen managed to gain some ground in a week that saw some fear return to the markets. What’s next for currencies? Public appearances from Yellen, Draghi and Carney, rate decisions in Japan and Canada and plenty of important US figures are the highlights of a busy week...
It was a rocky week for the stock market as the drop in the momentum stocks Tuesday caught many by surprise. The social media stocks bore the brunt of the selling with large drops in Twitter, Inc. (TWTR) and Facebook, Inc. (FB...
After success break channel up last week,. this pair stop at minor fibonacci support level. 1.3730 will be Target ABCD apttern, but pay attention on 1.3660 as resistance level. Weak of euro fundamental data make 1.3560 easy to break, if this happen, 1.3450 will be next bearish support level...
This pair trap in long consolidation area with huge range between 101.00 to 102.71, we can see small ABCD pattern already perform too with target at support level. As long as this pattern not break, next bullish target is 102.71 at resistance level. Bearish will continue only if 101.00 break...
if we see daily chart, solid channel up already perform for 1 years, with a good fibonacci ratio,.. if this channel still perform, next bearish target at 1.6875, and complete ABCD pattern at 1.7291 From the smaller timeframe, we can see this pair trap in consolidation area for a week between 1...
After break channel down last week, USDCAD find support level 1.0627, near major fibonacci support level at 1.0600. If bullish still continue,. best opening position will be around 1.0671 at CSR, or wait for small correction at fibonacci point. At this moment, bearish keylevel at 1...
